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Price Meaning: Definition, Examples, and Translations

๐Ÿ’ฐ
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price

[praษชs ]

Definitions

Context #1 | Noun

cost

The amount of money expected, required, or given in payment for something.

Synonyms

amount, charge, cost, fee.

Which Synonym Should You Choose?

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Word Description / Examples
price

Use when referring to the amount of money needed to purchase something, typically in a commercial setting.

  • What is the price of this laptop?
  • The price of groceries has gone up.
cost

Refer to the amount of money needed to obtain something, often emphasizing the expense involved.

  • What will the total cost be for the renovations?
  • The cost of medical care has increased.
fee

Refer specifically to a payment made for professional services or for the use of a facility.

  • The lawyer's fee is quite high.
  • There's a membership fee for joining the gym.
charge

Refer to the money demanded for a service or item. Often used in contexts where a fee is applied.

  • Is there an extra charge for delivery?
  • They won't charge you for the initial consultation.
amount

Use when referring to a quantity of something, which may include money but is not limited to it.

  • The amount of water in the bottle is one liter.
  • What's the total amount on the bill?

Examples of usage

  • The price of a new car is quite high.
  • She couldn't afford the high price of the designer handbag.
Context #2 | Verb

value

Determine the price of.

Synonyms

appraise, assess, evaluate, value.

Which Synonym Should You Choose?

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Word Description / Examples
price

Used when referring to the monetary value of a product or service.

  • The price of the new phone is $999.
  • Can you check the price of this dress?
value

Used when determining the worth or importance of something, both in monetary and non-monetary terms.

  • He values his family above all else.
  • The jeweler valued the ring at $5000.
evaluate

Used when making a judgement about the value, effectiveness, or importance of something. Commonly used in academic or professional environments.

  • The manager will evaluate your performance after three months.
  • The committee will evaluate the proposal thoroughly.
assess

Used when evaluating the worth, significance, or extent of something. Often used in academic, financial, or performance contexts.

  • We need to assess the damage after the storm.
  • The teacher will assess your project next week.
appraise

Used when estimating the value or quality of something, often in a formal or professional context.

  • The house needs to be appraised before we sell it.
  • They appraised the artwork at $10,000.

Examples of usage

  • He priced his antique collection at a high value.
  • The company decided to price their products competitively.

Translations

To see the translation, please select a language from the options available.

Origin of 'price'

The word 'price' originated from the Old French word 'pris', meaning 'value, worth'. It entered the English language in the 13th century. The concept of price has been essential in trade and commerce throughout human history, as it represents the monetary value assigned to goods and services exchanged between individuals or entities.

See also: overprice, overpriced, overpricing, precious, priceless, pricer, prices, pricey, underprice, underpriced.

Word Frequency Rank

With position #401, this word is vital for basic English fluency. It appears very frequently in everyday language and should be among the first words you learn and actively use.